FX option expiries for 24 January 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold.

And they are for EUR/USD at the 1.0400 and 1.0480 levels. The pair is currently running into some short-term resistance around 1.0430-50, so that is arguably the more important technical region to watch now. So, I wouldn’t attach too much significance to the expiries at 1.0480.

But the ones for 1.0400 will help to keep a floor on price action just in case there is anything that comes up in European trading at least. We do have a PMI data to focus on in trading today, so do be wary of that. The 100-hour moving average is nearby at 1.0397 currently, so that will also provide some near-term support for any downside action for the session ahead.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.